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AUD/USD Mid-.7700s Should be a Battle

AUD/USD Mid-.7700s Should be a Battle

2016-07-14 19:58:00
Jamie Saettele, CMT, Sr. Technical Strategist
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AUD/USD Mid-.7700s Should be a Battle

Chart Prepared by Jamie Saettele, CMT

DailyFX Trading Guides and Forecasts

-AUD/USD is approaching an important juncture defined by slope considerations and the pre-May rate cut high at .7719. This level may be resistance but a break above would leave Aussie in full blown bull camp with the focus on the May 2015 high at .8163 and eventually an .8700 handle.

For more analysis and trade setups (exact entry and exit), visit SB Trade Desk

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